Analyst Ming Chi Kuo has announced that the Apple Car might be arriving 2025 at the earliest, thereby quelling any rumors that production of the self-driving vehicle may begin sooner.
Kuo states that there are still many ‘elements’ being worked on despite rumors saying how Taiwanese car part factories were rushing shipments to Apple for a 2021 launch. The TF Security employee also suggested that buying stocks that are associated with Apple’s project is a ‘knee jerk reaction’ and may be short-lived.
Major problems in Project Titan are competition within the EV market, lack of specification and supplier, and launch period uncertainty. While initially the organization forecasted the self-driving vehicle to be launched between 2023 to 2025, it pushed back to 2025 due to Apple not having a clear development schedule.
Kuo also warns that due to Apple’s high standards and the changes occurring within the self-driving niche that the Apple Car may be postponed until 2028.